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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Cash flows from operating activities    
Net income $ 344,056 $ 161,246
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 11,660 9,869
Amortization of intangible assets 7,681 5,664
Amortization of deferred financing fees 266 599
Equity-based compensation 11,631 6,134
Deferred taxes 3,581 5,942
Gain (loss) on disposal of property, plant, and equipment (143) 696
Foreign currency transaction loss 844 55
Change in assets and liabilities:    
Accounts receivable 42,847 11,419
Inventories 30,470 (19,133)
Prepaids and other assets (9,895) (22,954)
Accounts payable (52,663) (13,076)
Accrued expenses and other liabilities (26,291) 17,945
Net cash provided by operating activities 364,044 164,406
Cash flows from investing activities    
Additions to property, plant, and equipment (38,177) (22,784)
Acquisitions, net of cash acquired (6,810) (207)
Proceeds from disposal of property, plant, and equipment 224 70
Net cash used in investing activities (44,763) (22,921)
Cash flows from financing activities    
Changes in floor plan financing, net (35,460) 8,583
Payments of deferred financing fees 0 (1,130)
Payments on revolving debt facility 0 (26,900)
Stock option exercises 596 1,099
Tax payments for equity-based compensation (1,363) (3,007)
Net cash used in financing activities (36,227) (21,355)
Effect of exchange rate changes on cash and cash equivalents (6,019) (578)
Net increase in cash and cash equivalents 277,035 119,552
Cash and cash equivalents at beginning of period 435,413 262,581
Cash and cash equivalents at end of period $ 712,448 $ 382,133